MergerMay 12, 2026, 05:27 PM
FS Bancorp Definitive Merger Agreement with Pacific West Bancorp
AI Summary
FS Bancorp's latest 10-Q filing includes a definitive agreement dated February 25, 2026, with Pacific West Bancorp, signaling a significant merger or acquisition. The filing also lists various corporate governance documents, details on debt instruments including 3.75% Fixed-to-Floating Rate Subordinated Notes due 2031, and executive compensation plans. Additionally, it contains Sarbanes-Oxley certifications from the CEO and CFO.
Key Highlights
- Definitive Agreement with Pacific West Bancorp dated February 25, 2026.
- Indenture for 3.75% Fixed-to-Floating Rate Subordinated Notes due 2031.
- Severance Agreement with Joseph C. Adams.
- Change of Control Agreements for Matthew D. Mullet, Donn C. Costa, and others.
- FS Bancorp, Inc. 2018 Equity Incentive Plan.
- FS Bancorp, Inc. Nonqualified 2022 Stock Purchase Plan.
- CEO and CFO certifications under Sarbanes-Oxley Act.